Review: BP Energy Outlook 2018

Volume |Issue 26| Autumn 2018 |Reports

Abstract

The BP Energy Outlook 2018 report has been published and has predicted the continued dominance of fossil fuels from oil and gas in the energy sector, with increased demand for renewable energies at the expense of coal. It is also expected that the global demand for oil will make up 27% of total energy demand, followed by natural gas at 26%, and coal at a decline to 21%. Energy demand in China, the US, the Middle East, India, Africa, Russia and Brazil is expected to increase, while the demand in the EU is likely to decrease. Energy demands will decline in both the industrial and the shipping sectors, while it will increase in construction, transportation and petrochemical sectors.

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منى عبد الهادي

Researcher in Environmental Economics, MA in Development Economics from School of Public Administration and Development Economics, Doha Institute for Graduate Studies. BA in Economics and Statistics from Faculty of Economics and Political Science, Cairo University.

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